Oct. 30 (Bloomberg) — Apple Chief Executive Officer Tim Cook has acknowledged that he is gay for the first time in an essay written for the latest edition of Bloomberg Businessweek. Bloomberg Businessweek editor Josh Tyrangiel discusses being approached by Cook to tell his story and what prompted him to come forward at this point in time. He speaks on “Bloomberg Surveillance.”

Ferrari announced yesterday that it offered the car to six current Ferrari owners and each has accepted the invitation to buy this extremely limited edition model. Based on the 458 platform, few details are available, but we expect it to carry the 562 hp V8 engine and incredible 7-speed dual clutch transmission, and performance should be at least as stunning as that of the 458 Italia.

One minor inconvenience presented by the new design is that drivers and passengers will have to wear a helmet and eye protection while on the road.

“Never underestimate the power of your local community and building something small . . . if you aim for a hit or a smash right off the bat you’re always gonna be defeated . . . you have to always start at least locally in some form…”

Earlier this year, Diplo took part in a discussion panel during the RECESS Music & Ideas Festivalat University of The Pacific in Stockton, California. The DJ/producer was joined by Twitter’s Head of Music, Bob Moczydlowsky, for a 50-minute conversation about the music industry and creative process.

When people praise Diplo, it’s almost always for being an innovative producer, top-notch showman or progressive tastemaker. The Mad Decent chief is also pretty savvy about the music industry though, and occasionally we’re lucky enough to hear him speak on the inner workings of the business.

We recommend watching the full discussion but here’s a breakdown of our favorite parts if you’re short on time:

– How Baauer’s “Harlem Shake” became a phenomenon (4:20)
– Building a local fan base and growing it into larger movement (15:00)
– How Diplo uses Twitter (20:00)
– The importance of developing a distinctive sound (22:50)
– Why the music industry is broken and how to fix it (28:30)
– How the Mad Decent Block Party got started (31:30)
– Diplo’s approach to working with artists (44:50)
– The increasing prevalence of superstar DJs (47:00)

The Giants beat the Kansas City Royals 3-2 to win the World Series at Kauffman Stadium on Wednesday night in an action-packed, tense, crackerjack of a ballgame that featured both teams’ managers using their top-end relief pitchers to turn a back-and-forth early outing into a scoreboard replete with zeroes in the late innings.

At the center of it all – at the center of everything this postseason – stood Bumgarner, the 25-year-old from North Carolina who in his five major league seasons already has established himself as one of the great pitchers in postseason history. His numbers this October defy belief – 1.03 ERA in 52 2/3 innings – and Bumgarner saved his finest of his series MVP performance for a five-inning lockdown in Game 7 that earned him a save and his Giants the victory.

Working on just two days’ rest after throwing a four-hit shutout in Game 5, Bumgarner worked his way around a leadoff single to retire the Royals on a swinging strikeout by Lorenzo Cain in his first inning. From there, he cruised: a 1-2-3 frame in the sixth, another in the seventh, and the eighth, and finally the ninth, when he yielded a two-out single to Alex Gordonthat center fielder Gregor Blanco compounded with a two-base error.

With Gordon on third, Salvador Perez popped a two-strike pitch into foul territory. Pablo Sandoval squeezed it for the final out, a capper to one of the most impressive postseason runs in baseball history.

Bumgarner was in the game for as long as he was only because of Giants starter Tim Hudson’s struggles. The starting pitchers lasted a combined five innings, with Giants manager Bruce Bochy yanking Hudson after a shaky 1 2/3 in which he allowed a pair of runs on a Gordon double and an Omar Infante sacrifice fly. It knotted the game at two after a pair of Giants sacrifice flies in the top of the second off Royals starter Jeremy Guthrie staked San Francisco to an early advantage and quieted the decibel-smashing levels of the 40,535-person crowd.